The price trend of cryolite market was stable this week (6.17-6.21)

Price Trend

According to the data of business associations, the price trend of cryolite market was stable this week, and the average price of cryolite market was stable at about 6366.67 yuan/ton in the week, down 2.48% from the same period last year.

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II. Market Analysis

Product: Cryolite prices are running smoothly this week, and there is no price adjustment for manufacturers. Up to 21 days, Zibo Kunyu Industry and Trade Cryolite quoted 6500 yuan/ton; Changshu Hongjiafu Co., Ltd. Cryolite quoted 7300 yuan/ton, up 100 yuan/ton; Jiaozuo Minli Industrial Cryolite quoted 7000 yuan/ton; Zhengzhou Tianrui Cryolite quoted 6000 yuan/ton, down 500 yuan/ton; Shandong Botao Group Co., Ltd. Cryolite price 7000 yuan/ton, down 200 yuan/ton.

Industry Chain: Domestic fluorite market price rose slightly this week, weekend price was 3075.00 yuan/ton, compared with 3062.50 yuan/ton at the beginning of the week, increased 0.41% in the week and 18.73% year-on-year. Domestic fluorite prices rose slightly this week, and the start-up rate of fluorite plants did not change much, but downstream demand improved, the spot supply of fluorite was tight, and fluorite prices rose slightly due to various factors. Downstream electrolytic aluminium: This week’s price fluctuation downward, the price at the beginning of the week remained at about 13963.67 yuan/ton, the weekend was about 13900.00 yuan/ton, the price fell by 0.26%.

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3. Future Market Forecast

Analysts of the cryolite industry of Business Society Chemical Branch believe that the price of fluorite in the upper reaches of cryolite has increased slightly, while the price of aluminium in the lower reaches has decreased slightly, and the market of cryolite is expected to maintain stable operation in the later period.

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